{"id":1004088920,"date":"2013-12-20T14:19:06","date_gmt":"2013-12-20T22:19:06","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=227962"},"modified":"2025-02-19T03:40:02","modified_gmt":"2025-02-19T11:40:02","slug":"21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/","title":{"rendered":"$21M Shopping Center Sale and Downtown Grocery Store Announcement Heat Up Baton Rouge Retail Market"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<p>Shopping center sales, new retail developments, including a downtown option \u2013 Baton Rouge has recently seen them all.<\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/440-Third-Street.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-228009\" title=\"440 Third Street\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/440-Third-Street.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a>Probably one of the most exciting announcements came from the Downtown Development District, touting, that for the first time in over half a century, Downtown Baton Rouge will feature a grocery store. With recent developments in the Capital City\u2019s urban core, especially multifamily developments going up and\/or replacing derelict office buildings, the search for a downtown grocer has been on for quite a while.<\/p>\n<p>Cue the Matherne family, who has announced a 15,000-square-foot full-service supermarket for the first floor of the former Capital One building. Construction is slated to start within a few weeks\u2019 time. Upon completion, the supermarket will offer fresh produce, fine wines and cheeses and a deli, among others.\u00a0 The eight-story former office building, now renamed 440 Third Street is currently being redeveloped by the Matherne family. The mixed-use project will feature 65 one- and two-bedroom apartments, 50,000 square feet of office space and more than 100 parking spaces.<\/p>\n<p>In other retail news, <a href=\"https:\/\/theadvocate.com\/home\/7838754-125\/investment-fund-pays-21-million\" target=\"_blank\" rel=\"nofollow noopener\"><em>The Advocate<\/em> <\/a>announced the sale of the Bluebonnet Parc Shopping Center for $21.3 million. The shopping center adjacent to the Mall of Louisiana was sold by RPAI Baton Rouge LLC, an affiliate of national self-managed REIT Retail Properties of America Inc. to Cincinnati-based Viking Partners\u2019 Fund II. The approximately 135,000-square-foot retail center could get a 15,000-square-foot expansion. A bevy of new tenants are also expected, as several major tenants, such as Cost Plus World Market and Vanguard College of Cosmetology are expected to relocate in 2014.<\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/Juban-Crossing.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-227993\" title=\"Juban Crossing\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/Juban-Crossing.jpg\" alt=\"\" width=\"300\" height=\"111\" \/><\/a>In further news, Belk Inc.\u00a0has announced plans to establish a 75,000-square-foot store in the Juban Crossing shopping center in Livingston Parish, according to a report in the <a href=\"https:\/\/www.bizjournals.com\/charlotte\/news\/2013\/12\/16\/belk-announces-plans-for-7m-louisiana-store.html\" target=\"_blank\" rel=\"nofollow noopener\"><em>Charlotte Business Journal<\/em><\/a>. Construction on the $7 million store is expected to kick off in February and complete in fall 2014.<\/p>\n<p><em><a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-baton-rouge-posts-negative-rent-growth-in-key-submarkets\/1004078235.html\" target=\"_blank\" rel=\"nofollow noopener\">Click here<\/a> for further Baton Rouge Market data<\/em><\/p>\n<p><em>Rendering courtesy of Juban Crosing via Facebook and the Downtown Development District<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shopping center sales, new retail developments, including a downtown option &ndash; Baton Rouge has seen them all recently.<\/p>\n","protected":false},"author":49,"featured_media":1004506242,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[1815],"class_list":["post-1004088920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$21M Shopping Center Sale and Downtown Grocery Store Announcement Heat Up Baton Rouge Retail Market - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$21M Shopping Center Sale and Downtown Grocery Store Announcement Heat Up Baton Rouge Retail Market\" \/>\n<meta property=\"og:description\" content=\"Shopping center sales, new retail developments, including a downtown option &ndash; Baton Rouge has seen them all recently.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-12-20T22:19:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-19T11:40:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/440-Third-Street.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/\",\"name\":\"$21M Shopping Center Sale and Downtown Grocery Store Announcement Heat Up Baton Rouge Retail Market - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/440-Third-Street.jpg\",\"datePublished\":\"2013-12-20T22:19:06+00:00\",\"dateModified\":\"2025-02-19T11:40:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/440-Third-Street.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/440-Third-Street.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"$21M Shopping Center Sale and Downtown Grocery Store Announcement Heat Up Baton Rouge Retail Market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4\",\"name\":\"Eliza Theiss\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g\",\"caption\":\"Eliza Theiss\"},\"description\":\"Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. Reach her at eliza.theiss@yardi.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/eliza\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"$21M Shopping Center Sale and Downtown Grocery Store Announcement Heat Up Baton Rouge Retail Market - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/","og_locale":"en_US","og_type":"article","og_title":"$21M Shopping Center Sale and Downtown Grocery Store Announcement Heat Up Baton Rouge Retail Market","og_description":"Shopping center sales, new retail developments, including a downtown option &ndash; Baton Rouge has seen them all recently.","og_url":"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-12-20T22:19:06+00:00","article_modified_time":"2025-02-19T11:40:02+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/440-Third-Street.jpg?w=1024","width":1024,"height":1024,"type":"image\/jpeg"}],"author":"Eliza Theiss","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/","url":"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/","name":"$21M Shopping Center Sale and Downtown Grocery Store Announcement Heat Up Baton Rouge Retail Market - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/440-Third-Street.jpg","datePublished":"2013-12-20T22:19:06+00:00","dateModified":"2025-02-19T11:40:02+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/440-Third-Street.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/440-Third-Street.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/21m-shopping-center-sale-and-downtown-grocery-store-announcement-heat-up-baton-rouge-retail-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"$21M Shopping Center Sale and Downtown Grocery Store Announcement Heat Up Baton Rouge Retail Market"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4","name":"Eliza Theiss","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g","caption":"Eliza Theiss"},"description":"Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. Reach her at eliza.theiss@yardi.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/eliza\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/440-Third-Street.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004088920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004088920"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004088920\/revisions"}],"predecessor-version":[{"id":1004747718,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004088920\/revisions\/1004747718"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004506242"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004088920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004088920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004088920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}